Part of a package of four bills to increase the luxury car tax rate from 1 July 2008, the bill amends the

A New Tax System (Luxury Car Tax Imposition—General) Act 1999

to impose a 33 per cent tax rate on taxable supplies and imported luxury cars, calculated on the value that exceeds the luxury car tax threshold, to the extent that it is neither a duty of customs nor a duty of excise.